Chinese firm considers billion dollar investment for Davao durian

A Chinese company is considering investing a total of US$1 billion for the export of durian, particularly the Montong variety, to the People's Republic of China. The investment will cover assistance to durian farmers to maintain the supply of the Montong variety, said April Marie Dayap, head of the Davao City Investment and Promotion Center (DCIPC).

Dayap said Honju Fruits, a Chongqing-based company, took interest in importing durian because it has a huge market in China. Davao City and the municipality of Chongqing recently agreed to sign a sisterhood pact.

“For now, Honju imports durian from Thailand. Thailand cannot supply the demand of Montong variety. They want to import from us from September to March as these months are the low season of durian in Thailand,” Dayap told, adding that officials of Honju Fruits will visit the city soon to personally discuss importation possibilities and to find out if the city can supply the demand.

“This will be a big opportunity for our businessmen in the city to expand their business and explore exporting their produce to China. We also encourage them to plant more durian,” she said.

Earlier, Candelario Miculob, the president of the Davao Durian Industry Development Council (DDIDC), acknowledged the growing demand in the export market to China. Miculob said Davao City has high durian production, noting that the city shares half of the 40 tons of the total durian production in Davao Region.

Last May, the Department of Agriculture in Region 11 (DA-11) launched the "The Durian 500 Program", which seeks to increase the productivity of the "king of fruits"  in the city as well as the entire Davao Region.

Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

© 2020

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber